Towa Hi System Co (TSE:4172) Days Payable : 56.68 (As of Mar. 2024)

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What is Towa Hi System Co Days Payable?

Towa Hi System Co's average Accounts Payable for the three months ended in Mar. 2024 was 円83 Mil. Towa Hi System Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円134 Mil. Hence, Towa Hi System Co's Days Payable for the three months ended in Mar. 2024 was 56.68.

The historical rank and industry rank for Towa Hi System Co's Days Payable or its related term are showing as below:

TSE:4172' s Days Payable Range Over the Past 10 Years
Min: 33.25 Med: 51.73 Max: 56.12
Current: 49.6

During the past 6 years, Towa Hi System Co's highest Days Payable was 56.12. The lowest was 33.25. And the median was 51.73.

TSE:4172's Days Payable is ranked worse than
59.63% of 592 companies
in the Healthcare Providers & Services industry
Industry Median: 62.115 vs TSE:4172: 49.60

Towa Hi System Co's Days Payable increased from Mar. 2023 (33.61) to Mar. 2024 (56.68). It may suggest that Towa Hi System Co delayed paying its suppliers.

Towa Hi System Co Days Payable Historical Data

The historical data trend for Towa Hi System Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Towa Hi System Co Days Payable Chart

Towa Hi System Co Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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53.07

56.12

50.39

46.74

33.25

Towa Hi System Co Quarterly Data
	Sep18	Sep19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													33.61	49.00	48.16	40.68	56.68

Competitive Comparison of Towa Hi System Co's Days Payable

For the Health Information Services subindustry, Towa Hi System Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Towa Hi System Co's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Towa Hi System Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Towa Hi System Co's Days Payable falls into.

Towa Hi System Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Towa Hi System Co's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (52.901	+	52.915)	/	2 )	/	580.758	*	365
=	52.908					/	580.758	*	365
=	33.25

Towa Hi System Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (53.573	+	113.379)	/	2 )	/	134.392	*	365 / 4
=	83.476					/	134.392	*	365 / 4
=	56.68

Towa Hi System Co Days Payable Related Terms

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Towa Hi System Co (TSE:4172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Towa Hi System Co Ltd (TSE:4172) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-12-33 Noda, Kita-ku, Okayama, JPN, 700-0971

Website

https://www.towa-hi-sys.co.jp

Towa Hi System Co Ltd is involved in the research and development, sales and support of integrated electronic medical record system for dental clinics.

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